Austal (OTCMKTS:AUTLF) Shares Down 7.1% – What’s Next?

Shares of Austal Limited (OTCMKTS:AUTLF) dropped 7.1% during trading on Wednesday . The stock traded as low as $2.50 and last traded at $2.50. 1,000 shares were traded during trading, a decline of 90% from the average session volume of 9,887 shares. The stock had previously closed at $2.69.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Austal to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Austal Price Performance

The company has a market cap of $1.08 billion and a PE ratio of 34.78. The company has a 50-day moving average of $2.82 and a 200 day moving average of $3.51.

About Austal

Austal is a global shipbuilding and defense contractor specializing in the design, construction, and support of high-speed aluminum vessels. Headquartered in Henderson, Western Australia, the company delivers commercial ferries, patrol boats, and military transport ships to navies and ferry operators worldwide. Its focus on lightweight, fuel-efficient hull designs has made it a preferred partner for customers seeking rapid-transit and littoral operations capabilities.

Founded in 1988, Austal began as a commercial ferry builder and has since expanded into defense markets, securing major contracts with the U.S.